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Politics : Clinton's Scandals: Is this corruption the worst ever?
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To: pezz who wrote (2240)8/20/1998 11:56:00 AM
From: j_b  Read Replies (2) of 13994
 
<<work with a strong list of exceptions such as food >>

I agree - I may not agree with whatever list is decided on, but I agree with the concept.

<<Remember that every dime saved we paid taxes on already>>

Absolutely true, but that's not necessarily double taxation. You'd have to use some inventory valuation method to determine that - if you save anything at all this year, you will have spent only this year's earnings, so no double taxation. It would only be double taxation to the extent that you dipped into prior year's savings to pay this year's bills. At any rate, we suffer from double taxation under certain circumstances now - dividends are taxed twice, any money you pass on when you die is taxed twice, etc.
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